The global food crisis of 2007-2008 is threatening to repeat in the coming months, as the worst drought in 50 years devastates the US corn crop, with 51% of the crop rated "Poor/very poor" by the US Department of Agriculture. This crop is said to be on a par with that of 1988 crop, the worst in the past thirty years. Note that the US is the top producer and exporter of corn.
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The worst drought in the US in at least half a century has destroyed one-sixth of the country’s expected corn crop in a month threatening a surge in global food price inflation.The US government estimated corn farmers had abandoned ... Read Post
Federal forecasters are predicting record prices for corn prices, raising fears of a new world food crisis as the worst U.S. drought in half a century continues to punish key farm states. The U.S. Department of Agriculture on Friday... Read Post
The global food crisis of 2007-2008 is threatening to repeat in the coming months, as the worst drought in 50 years devastates the US corn crop, with 51% of the crop rated "Poor/very poor" by the US Department of Agriculture. Read Post